Furniture company lays off thousands in a memo just days before Thanksgiving

  • 📰 fox7austin
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Nearly the entire workforce of the Mississippi-based company got a memo informing them not to come to work the next day.

A Mississippi-based company that had become one of the largest furniture businesses in the country has laid off nearly its entire workforce.

A second email informed workers their "layoff from the company is expected to be permanent and all benefits will be terminated immediately without provision of COBRA," referring to the federal law that gives people who lose their jobs an option to keep their employer-sponsored health insurance coverage under some circumstances.

The memo said the layoffs were made at the instruction of the company's board of directors and were due to "unforeseen business circumstances." The memo did not offer any specific details about what led to the layoffs.Better.com CEO Vishal Garg apologizes for firing 900 employees over Zoom

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How are laid off employees not eligible for COBRA?

Thank Biden? I guarantee the owner of the company wears a MAGA hat and waves the flag!

Disgusting

Thank Biden for this mess. Folks can't afford to groceries much less new furniture

Diesle fuel prices killed another company!!! Thanks joe.

These Things Always seem to Happen Just Before a Holiday... Just sayin'...

This might violate the WARN Act. They need to hire employment lawyers.

Public reactions... Twitter layoffs: 😱🤬😡 Facebook layoffs: 😲😱😒 Laying off Americans who make useful durable goods: 😴🦗🦗🦗

So y’all want the ppl to hate the furniture company? Sound like promotion to hate

This is such disheartening news.

Thank POTUS

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 594. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Furniture company lays off thousands in a memo just days before ThanksgivingNearly the entire workforce of the Mississippi-based company got a memo informing them not to come to work the next day. Oh shit. It’s starting.
Source: FOXLA - 🏆 445. / 53 Read more »